The number-one reason family wealth management fails is the family itself; poor communication, lack of trust, divergent visions, and a failure to prepare succeeding generations tears down the resources the family has worked so hard to build. Traditional wealth management, which concerns itself with investment management, tax planning, estate planning, and cash flow management, cannot fix this. Instead, author Michael A. Cole offers a fresh approach that integrates strategic and tactical wealth management to align the family’s assets with the family members.
More Than Money provides a high-level, integrated approach to preserving both financial resources and family harmony in the long-term.
Containing tools and advice drawn from a real-world understanding of family complexities, readers will be able to improve their ability to preserve the family’s resources over multiple generations. The book provides a clear model and a practical roadmap for long-term financial preservation helping readers to:
- Draft a shared family vision and mission, complete with guiding questions to cover key details
- Implement dependable strategies for governance, risk management, education, stewardship, family leadership, and communication
- Properly balance strategic and tactical planning to generate the most wealth impact for the family
It takes more than money to keep families affluent and this book merges traditional strategies with family dynamics, communication, governance, and preparation to help readers – whether ultra-high-net-worth families or the advisors/planners who serve them – ensure resources last for generations to come.
More than Money is available wherever books and ebooks are sold.
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About the author:
MICHAEL A. COLE is the president and founder of Ascent Private Capital Management of U.S. Bank. He and his team provide ultra-high-net-worth clients with a unique and distinctive suite of wealth management services combining traditional wealth management offerings with cutting-edge wealth-impact services.
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Katy Smith, Publicity Manager, Wiley, 01243 770215, katysmith@wiley.com (Mon-Wed)
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Katy Smith, Publicity Manager
katysmith@wiley.com
01243 770215
(Mon-Wed)